Page 15 - F6 - Capital Gains Tax - Base Cost

Example: Shares

 Quintin acquires 2 000 shares in Ess Ltd (a company

listed on the JSE) at a cost of

R100 000, which he finances by means of a loan

from the bank. During the year of assessment he

incurred interest on the loan of R15 000.

 Calculate the base cost of the shares